Oppenheimer Asset Management Inc. Increases Position in Brookfield Renewable Corporation (NYSE:BEPC)

Oppenheimer Asset Management Inc. boosted its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 18.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,198 shares of the company's stock after acquiring an additional 33,124 shares during the period. Oppenheimer Asset Management Inc. owned 0.15% of Brookfield Renewable worth $6,064,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Curio Wealth LLC purchased a new position in Brookfield Renewable during the fourth quarter valued at $26,000. Atala Financial Inc purchased a new position in Brookfield Renewable during the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its stake in Brookfield Renewable by 43.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock valued at $35,000 after acquiring an additional 374 shares in the last quarter. Dunhill Financial LLC purchased a new position in Brookfield Renewable during the fourth quarter valued at $41,000. Finally, Measured Risk Portfolios Inc. purchased a new position in Brookfield Renewable during the fourth quarter valued at $52,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price for the company. Wells Fargo & Company cut their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 5th.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC opened at $32.65 on Wednesday. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $35.14. The stock has a market capitalization of $4.73 billion, a P/E ratio of -36.69 and a beta of 1.14. The firm has a fifty day simple moving average of $29.48 and a two-hundred day simple moving average of $28.21. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.03.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.57%. Brookfield Renewable's payout ratio is currently -167.42%.

Brookfield Renewable Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.

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